Fund Lobby Urges European Harmonization Of Hedge Fund Laws

Dec 1 2005 | 9:38pm ET

The European Fund and Asset Management Association has called for harmonization of rules governing hedge funds and funds-of-hedge funds across the European Union, and the European Central Bank has repeatedly said any rules to harmonize policy need be made with the cooperation of U.S. regulators.

The EFAMA, which represents asset managers who control an estimated €2 trillion (US$14.1 trillion), warned in a report published this week that the lack of consistent hedge fund regulation in Europe is stifling the region's economic growth.


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